GURU TALK
“Negative interest rates could only exist in a crazy world where idiot politicians are in control.”
“The trouble with taking away something from your neighbor is that then he tries to take something away from you. Pretty soon you are both spending so much of your time trying to enact rules and regulations that penalize one group and reward another that neither of you is producing more wealth. Then they stand on tiptoes and look over the fence at the community next door where people have been busy producing wealth rather than taking it from one another and they are both even more envious.
This is essentially what happened to the Soviet Union: After 70 years of envy-driven politics people looked over the Berlin wall and saw BMW´s and Mercedes.”
“There is always someone with a bigger and better car than you have, and if you have the bigger and better car, there is always someone who wants to take it from you.”
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